2019 TND to MKD Historical Review

YEARLY HIGH

19.7610 MKD

YEARLY LOW

17.7063 MKD

YEARLY AVERAGE

18.8041 MKD

2019 TND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 19.7610. Conversely, the yearly low was recorded on February 24, dropping to 17.7063.

This high-to-low spread represents a total annual volatility of 2.0547 MKD. From a start-to-finish perspective, comparing the January average rate of 18.2132 to the December average rate of 19.5052, the exchange rate registered a net change of 7.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 19.7610 was down 5.88% compared to the 2018 peak of 20.9947, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TND based on timing:

Yearly Peak High 98,805 MKD

2018 Average 99,256 MKD

Yearly Trough Low 88,532 MKD

Transaction Impact: A difference of 10,273.73 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

19.7521

17.7978

JanuMarcMayJulySeptNove

TND to MKD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 18.2023, compared to 19.4059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2037 points.

H1 Avg (Jan–Jun) 18.2023

H2 Avg (Jul–Dec) 19.4059

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 0.8105 MKD (High: 19.0396 / Low: 18.2291). On the other end, November was the most stable month, with a tight range of 0.2006 MKD (High: 19.6520 / Low: 19.4514).

June Spread (Volatile) ±0.8105

November Spread (Stable) ±0.2006

Growth Streaks & Declines

Trends

Between March and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1959 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.1959

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 19.5052) against the same month in 2018 (average: 18.3928), the exchange rate shifted by +1.1125 (+6.05%).

2019 Avg (December) 19.5052

2018 Avg (December) 18.3928

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.3567	17.9408	18.2132
February	18.3348	17.7063	18.0173
March	18.1443	17.7148	17.9606
April	18.3129	18.0176	18.1517
May	18.4802	18.1884	18.3284
June	19.0396	18.2291	18.5426
July	19.2097	18.8047	19.0007
August	19.4165	19.1237	19.2858
September	19.7076	19.2522	19.4935
October	19.7224	19.4925	19.5892
November	19.6520	19.4514	19.5612
December	19.7610	19.3163	19.5052